|
Its impossible to do business that way though Quiet. You have to just hope for the best and expect the worst. Most partners are decent, some are outstanding and great, some are crooks.
You have to trust, even though its hard to, and you just can't be in business as an island. You have to do deals with people and take risks. Just make sure the risk to reward ratios are in sync on all your deals and that way you'll get 1 ripoff out of 10, 4 bombs, 4 decent deals where you at least break even or make something and 1 winner that will make up for the dogs and get you your big returns.
I always preach don't trust, but that's not exactly how I mean it. Its more like don't trust that people have good intentions out of the shoot and just accept that fact that people sometimes exercise bad judgment, make mistakes, slip and slide on you, etc.
Trust yourself as much as possible, and with others hope they'll do what they promise.
|